The Role of Public Finance in CSP Case Study: Eskom CSP, South Africa

Among emerging economies, South Africa has particular potential for CSP because of the country’s excellent solar resources. Currently South Africa relies largely on carbon-intensive coal generation for power but CSP offers a scalable alternative to diversify its future energy mix. However, to date the country has one of the lowest renewable energy penetration levels of any major economy. In order to increase energy security and meet emissions reduction targets, South Africa aims to add 20 GW of new renewable power generation capacity by 2030, of which 3.3 GW is expected to be CSP. This would double the current installed capacity of CSP worldwide.